IEEPA Loot Refund Update
Tuesday, April 21, 2026
The good news is that the Trump Administration is beginning to pay back (with interest) the $166 billion-plus it illegally took from Americans in import taxes under IEEPA -- a statute that doesn't even mention tariffs, and is intended to help the Chief Executive act quickly and decisively in real emergencies, anyway.
The bad news is that this is a bureaucratic process to begin with, and even if the President weren't opposed to returning the money, the process comes with real challenges:
The trade court's order appeared to set off a scramble among federal customs officials to put together a digital process for handling a crush of requests, according to legal filings. Those filings also revealed the technical challenges that the Trump administration faced in trying to return the money.I hope some ace reporter remembers this the next time Trump makes one of his trademark, outlandish claims to have already solved/be able to solve/about to solve some big, long-running problem IMMEDIATELY or within two weeks.
Among the many obstacles, the Trump administration said it had to stand up an entirely new system that could process refunds in bulk and disentangle illegal tariffs from legal ones on those same goods. At first, the government didn't even have a way to deposit money directly into the bank accounts of most importers, customs officials said.
As a result, the refund system that debuted on Monday, known as CAPE, can only process imports only at a certain point of the duty-paying process. That covers about 63 percent of import entries subject to IEEPA tariffs, the government previously said, though it plans to expand the system soon. In its prior public guidance, customs said it expected it would take 60 to 90 days to issue a refund once it accepts an importer's filing.
Katie Hilferty, who oversees the trade practice at the law firm Morgan Lewis, described the refund process as novel and complex, adding that she would be "pleasantly surprised" if refunds were paid as quickly as the government said. [bold added]
Why can't he clean up his own messes that fast? (Trumpists, that is what is called a rhetorical question.)
-- CAV